HDFC RD Interest Rates

What is HDFC Bank Recurring Deposit?

An HDFC Bank Recurring Deposit (RD) is a stable and straightforward savings plan where you deposit a fixed sum every month. Beginning with ₹500 each month (in steps of ₹100), while certain online booking options need at least ₹1,000, you can build a regular saving habit without needing a big upfront payment amount. RD interest rates depend on tenure and determine the returns on your total balance amount.

The recurring deposit by HDFC Bank encourages disciplined savings every month. Each monthly deposit earns interest from the date of payment until maturity, so earlier instalments accrue more interest than later ones. You can also use the RD calculator to estimate accurate returns.

If all instalments are paid on time, interest is calculated on the total balance and compounded quarterly as per bank rules. In case of pending instalments at maturity, interest is calculated on daily balances with quarterly compounding. 

HDFC Bank RD Interest Rates

The following table shows the latest HDFC RD rates for different tenures.

Note: HDFC RD interest rates are effective from June 25, 2025, for 15‑month, December 17, 2025, for 18‑month, and June 10, 2025, for all other tenures.

Types of HDFC Bank Recurring Deposit

HDFC Bank offers recurring deposit schemes for various diverse customer requirements. These are mainly divided into:

1.  Regular Recurring Deposit

   This type of RD is available to most customers, including investors who reside in India. You decide how much money to deposit every month and for how long. These deposits accumulate with interest over time. The HDFC Bank RD interest rates apply to every instalment you pay monthly, compounded quarterly until maturity.

   Regular RDs are suitable for employed or self‑employed investors who want to save systematically every month without a large upfront amount. Since instalments remain the same each month, these deposits simplify budgeting your savings plan.

2.  NRI Recurring Deposits

   HDFC Bank offers NRI Recurring Deposits for Non‑Resident Indians, helping them save in Indian rupees while getting fixed interest. NRIs can select between NRE (Non‑Resident External) RDs and NRO (Non‑Resident Ordinary) RDs based on where their funds come from and their repatriation needs. 

   • NRE (Non-Resident External) RDs: Through NRE RDs, NRIs can place foreign income in India, while both the principal and the interest stay completely repatriable and tax-free. The investment can begin at ₹1,000 and continue in multiples of ₹100 thereafter, up to ₹2,99,99,900. The required tenure is 12 months.
   • NRO (Non-Resident Ordinary) RDs: NRI can invest from ₹1,000 in multiples of ₹100, up to ₹2,99,99,900. Tenure options extend from 6 months to 10 years. Interest compounds quarterly and pays at full maturity. The NRO RD includes a 1-month lock-in period; early closure within this period results in receiving only the principal amount, without any interest.

3.  My Passion Fund (Flexi RD)

   The My Passion Fund or HDFC Bank Flexi RD allows you to save with flexible instalments, starting from ₹1,000 (in multiples of ₹100) and top up to twice your monthly deposit. You can invest up to ₹1,99,99,900 per month. The minimum tenure is 6 months, extending to 10 years. Interest is compounded quarterly and paid at maturity. 

Key Features of HDFC Bank RD

The recurring deposit offered by HDFC Bank has several important features that make it a useful savings instrument:

• Fixed Interest Rates: Once you open an RD account, the HDFC bank recurring deposit rates applicable at the time of booking are fixed until maturity. This means your total return is predictable and not affected by changes in market interest rates later.
• Premature Withdrawal Option: HDFC Bank RD premature withdrawal provides early fund access but includes a 1% charge on the deposited amount. If the required lock-in period is not fulfilled, no interest will be given, and interest will be worked out using the current RD rate during the deposit period.
• Maximum Deposit Limit: Investors can deposit up to ₹2.99 crore in a single RD, allowing high-value savers to plan large-scale systematic investments.
• Maturity Amount Paid at End: The interest earned plus all monthly instalments are paid as a lump sum on completion of the RD tenure. You can choose to withdraw it or roll it over into a new RD or another savings product.
• Loan Against RD: HDFC Bank loan against RD gives you the option to take a loan using your RD or FD as security, granting quick funds for pressing needs while your deposit keeps generating interest without early withdrawal.

How to Open an HDFC Bank RD 

Starting an HDFC Bank Recurring Deposit (RD) helps you save consistently over time. You may open the RD online or offline, according to your comfort. Both ways are simple, secure, and offer fixed returns once the chosen tenure ends. 

Online Method

Setting up an RD online is fast and may be completed easily from your home through HDFC Bank’s NetBanking or mobile banking service. The procedure requires just six straightforward steps:

• Access the Application Page: Visit the official website and click on the “Open an RD Account” button.
• Enter Personal Details: Provide your basic personal information and contact details correctly.
• Select RD Preferences: Pick your monthly deposit amount, chosen tenure, and nominee information.
• Upload Documents: Share the required KYC and supporting papers as requested here.
• Review and Submit: Review all the details given and send your application.
• Receive Confirmation: After successful verification and approval, you will receive confirmation along with your RD account details.

Offline Method

If personal assistance is needed, opening an RD at any branch remains quite simple.

• Visit Branch: Go to your nearest HDFC Bank branch with a valid ID and address proof.
• Request Form: Ask for the Recurring Deposit application form from the bank staff.
• Fill Details: Complete the form with your personal and account information.
• Specify Instalments and Tenure: Provide the monthly deposit figure and length of the RD.
• Submit Documents: Submit the form along with required documents such as ID and address proof.
• Collect Confirmation: Receive your RD account confirmation and start your monthly deposits without delay.

Eligibility Criteria for HDFC Bank RD

An HDFC Bank Recurring Deposit (RD) may be opened by eligible investors belonging to any of these categories:

• Resident: Any Indian resident with a valid identity and address proof can open an RD. This allows salaried workers, self‑employed professionals, and homemakers to save systematically and earn fixed interest.
• Hindu Undivided Families (HUFs): HUFs can open an RD account to save collectively as a family, with interest applied to the combined deposits.
• Private and Public Limited Companies: Registered businesses and firms are eligible to open RD accounts to manage their savings or reserve money while earning interest.
• Trusts and Societies: Properly registered trusts and societies can open RDs to manage funds securely, supporting social, educational, or charitable objectives in compliance with bank regulations.

Documents Required to Open HDFC Bank RD

The following table shows the documents typically required to open an HDFC Bank Recurring Deposit (RD) account for different applicant types.

Key Takeaways

A Recurring Deposit (RD) with HDFC Bank lets you save each month safely and earn interest when it matures. Interest rates are between 4.25% and 6.45% per year for normal customers and 4.75% to 6.95% for senior citizens, with durations ranging from 6 months to 10 years. Interest is compounded quarterly. Early withdrawals are permitted with adjusted interest rates. NRIs can also open a recurring deposit with HDFC Bank through NRE or NRO accounts.